The simple reason is because it could save you an absolute fortune. Cutting 1% off a £100,000 mortgage will cut costs by around £80 a month. Remortgaging to a better rate could be the biggest single money-saving activity possible, the financial equivalent of liposuction.
The reason for a printed guide is because remortgaging is just too large a subject for an online version. It's something you need to sit down, read through and take some time over. After all, a mortgage is likely to be your biggest single expense and therefore getting the remortgage right offers the biggest single savings.
The reason for a printed guide is because remortgaging is just too large a subject for an online version. It's something you need to sit down, read through and take some time over. After all, a mortgage is likely to be your biggest single expense and therefore getting the remortgage right offers the biggest single savings.
Has the credit crunch changed anything?
This guide has been rewritten in the face of the credit crunch and its impact on mortgage lending. Finding a top deal now is tougher than it was back in the mid-noughties, as mortgage companies are no longer fighting for business; now many don’t want it.This makes it even more important that you follow through the guide to understand how mortgage deals work before trying to find the right one for you.
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